Question: 1-Explain why projected financial statement analysis is considered both a strategy-formulation and a strategy-implementation tool? 2-Under what conditions would retained earnings on the balance sheet

1-Explain why projected financial statement analysis is considered both a strategy-formulation and a strategy-implementation tool?

2-Under what conditions would retained earnings on the balance sheet decrease from one year to the next?

3-In your own words, list all the steps in developing projected financial statements.

4-Why should you be careful not to use historical percentages blindly in developing projected financial statements?

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